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BREAKING NEWS

LIVE: Trump takes part in ‘Make America Healthy Again’ event

DOUG MCMILLON


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1 day ago

Trump drafts America's business titans to burnish his image at home and abroad

Read full article: Trump drafts America's business titans to burnish his image at home and abroad

President Donald Trump isn’t the only one who wrapped up a Middle East tour in recent days.

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Treasury secretary says Walmart’s warnings on price increases are a ‘worst-case scenario’

Read full article: Treasury secretary says Walmart’s warnings on price increases are a ‘worst-case scenario’

Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.

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Trump warns Walmart: Don't raise prices due to my tariffs but do eat the costs from those taxes

Read full article: Trump warns Walmart: Don't raise prices due to my tariffs but do eat the costs from those taxes

President Donald Trump has ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs.

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Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Read full article: Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment.

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Walmart's hot sellers? Hand mixers and kitchen tools. In an era of high prices, basic is king

Read full article: Walmart's hot sellers? Hand mixers and kitchen tools. In an era of high prices, basic is king

Walmart is reporting strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment.

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Walmart shines in rough retail environment, ratchets up outlook after strong first quarter

Read full article: Walmart shines in rough retail environment, ratchets up outlook after strong first quarter

Walmart reported strong first-quarter sales results as the nation’s largest retailer’s low-prices continue to draw budget conscious consumers in a challenging economic environment of stubbornly high inflation.

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Funding bill targets online sites amid retail theft concerns

Read full article: Funding bill targets online sites amid retail theft concerns

Retailers are scoring one win in the governmentwide spending bill.

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Walmart puts up strong Q3, announces opioid settlement

Read full article: Walmart puts up strong Q3, announces opioid settlement

Walmart reported higher sales in the fiscal third quarter as more Americans seek to cut spending in face of high inflation.

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Hot dogs vs deli meat; rising costs shape choices at Walmart

Read full article: Hot dogs vs deli meat; rising costs shape choices at Walmart

Walmart reported better-than-expected second quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.

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Walmart cuts profit outlook as shoppers adapt to inflation

Read full article: Walmart cuts profit outlook as shoppers adapt to inflation

Walmart is lowering its profit outlook for its fiscal second quarter and for the full year.

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CEO pay rose 17% in 2021 as profits soared; workers trailed

Read full article: CEO pay rose 17% in 2021 as profits soared; workers trailed

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million.

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Walmart mandates vaccines for workers at headquarters

Read full article: Walmart mandates vaccines for workers at headquarters

Walmart is requiring that all workers at its headquarters as well as managers who travel within the U.S. be vaccinated against COVID-19 by Oct. 4.

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Retailer results so far show people are going out, spending

Read full article: Retailer results so far show people are going out, spending

At Walmart, sales of teeth whitener are popping as customers take their masks off.

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Walmart sales still strong as pandemic eases, stimulus helps

Read full article: Walmart sales still strong as pandemic eases, stimulus helps

Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers, flush with U.S. stimulus payments, splurged on clothing, as well as lawn and garden items.

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Walmart raising wages for 425,000 workers

Read full article: Walmart raising wages for 425,000 workers

Walmart said its starting wage will stay at $11 an hour. Walmart’s current minimum wage is still above Florida’s minimum wage, which starts at $8.65 an hour. The amendment will raise the state’s minimum wage to $15 an hour by 2026. AdPresident Joe Biden included a $15 federal minimum wage in his $1.9 trillion stimulus proposal last month. The legislation calls for the minimum wage to increase to $15 an hour by 2025.

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Video app TikTok leans into e-commerce with Shopify deal

Read full article: Video app TikTok leans into e-commerce with Shopify deal

The popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff. Canadian e-commerce platform Shopify said Tuesday it's made a deal with TikTok enabling merchants to create “shoppable” video ads that drive customers to online stores. The partnership was announced Tuesday amid stalled negotiations for Walmart to buy a 7.5% stake in the video app. Then, video ads will be automatically generated that could show up in a TikTok user’s video feed and drive customers to Shopify for checkout. Walmart and Shopify are on good terms, having teamed up against Amazon in June on a deal that enables Shopify’s small businesses to get listed on Walmart.com.

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Employees, investors force companies to act on climate change

Read full article: Employees, investors force companies to act on climate change

The "Amazon Employees for Climate Justice" collective said in a statement Thursday that while the company's "Climate Pledge" is a win it's not enough. Investors managing assets worth $35 trillion this week urged companies and governments to act with the "utmost urgency" to combat climate change. Why it matters: The appointment comes at an inflection point for both Business Roundtable and Walmart. He committed to "keeping Business Roundtable CEOs at the forefront of constructive public policy debates." Business Roundtable said last month that America's corporations are responsible for improving society by serving all stakeholders ethically, morally and fairly.

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US CEOs' new spokesman is from Walmart

Read full article: US CEOs' new spokesman is from Walmart

Michael Cary/CNN(CNN) - Walmart CEO Doug McMillon on Thursday was named the incoming chairman of Business Roundtable, the prominent group of 192 chief executives representing corporate America's interests in Washington. McMillon, a Walmart lifer who became the company's chief executive in 2014, will serve a two-year term as Business Roundtable's leader beginning in January. He committed to "keeping Business Roundtable CEOs at the forefront of constructive public policy debates." The appointment of McMillon comes at an inflection point for both Business Roundtable and Walmart, the country's largest retailer and private employer. Last month, Business Roundtable said that America's corporations are responsible for improving society by serving all stakeholders ethically, morally and fairly.

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Walmart pulls violent video game displays, but will still sell guns

Read full article: Walmart pulls violent video game displays, but will still sell guns

Scott Olson/Getty Images(CNN) - Walmart is taking down displays of violent video games in its stores in the wake of recent shootings. But the company plans to still sell the controversial video games -- and guns. Walmart has previously promoted violent video games in its stores with displays that let customers play the games. Although some public officials, including President Donald Trump, have pointed to violent video games as a cause of the rise in gun violence, numerous studies have found no link between the games and actual violent behavior. Walmart does not sell assault-style rifles, nor does it sell handguns outside of Alaska.

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Walmart CEO pledges 'thoughtful' response to El Paso shooting

Read full article: Walmart CEO pledges 'thoughtful' response to El Paso shooting

A woman touches a cross at a makeshift memorial for victims outside Walmart, near the scene of a mass shooting on Aug. 3 which left at least 22 people dead, on Aug. 6, 2019, in El Paso, Texas. (CNN) - Walmart CEO Doug McMillon says the company will respond in a "thoughtful and deliberate" way to the recent fatal shootings at its stores. McMillon said he was in El Paso Tuesday meeting with employees and with first responders. He said the store manager in El Paso was leaving the store and ran back in when he heard the shots. "Our store in El Paso is well known as a tight-knit community hub for people in the region, where we serve customers from both sides of the border."

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